Copeland Capital Management LLC Sells 47,093 Shares of UFP Industries, Inc. $UFPI

Copeland Capital Management LLC decreased its position in shares of UFP Industries, Inc. (NASDAQ:UFPI) by 8.8% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 488,289 shares of the construction company’s stock after selling 47,093 shares during the quarter. Copeland Capital Management LLC owned 0.81% of UFP Industries worth $48,517,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. GAMMA Investing LLC raised its position in shares of UFP Industries by 107.5% in the 1st quarter. GAMMA Investing LLC now owns 1,500 shares of the construction company’s stock valued at $161,000 after buying an additional 777 shares in the last quarter. KBC Group NV increased its stake in UFP Industries by 15.8% in the first quarter. KBC Group NV now owns 2,836 shares of the construction company’s stock valued at $304,000 after acquiring an additional 386 shares during the last quarter. Oppenheimer Asset Management Inc. acquired a new position in UFP Industries during the first quarter valued at approximately $1,534,000. Park Avenue Securities LLC raised its position in UFP Industries by 6.5% during the first quarter. Park Avenue Securities LLC now owns 2,221 shares of the construction company’s stock valued at $238,000 after purchasing an additional 136 shares in the last quarter. Finally, State of Alaska Department of Revenue lifted its stake in UFP Industries by 2.7% during the first quarter. State of Alaska Department of Revenue now owns 7,115 shares of the construction company’s stock worth $761,000 after purchasing an additional 190 shares during the last quarter. 81.81% of the stock is currently owned by institutional investors and hedge funds.

UFP Industries Stock Up 0.3%

Shares of UFPI opened at $93.25 on Friday. The company has a debt-to-equity ratio of 0.07, a quick ratio of 3.16 and a current ratio of 4.54. UFP Industries, Inc. has a 52 week low of $91.16 and a 52 week high of $141.33. The stock has a market capitalization of $5.46 billion, a price-to-earnings ratio of 16.19 and a beta of 1.45. The stock has a fifty day moving average of $99.55 and a 200-day moving average of $101.40.

UFP Industries (NASDAQ:UFPI) last issued its earnings results on Monday, July 28th. The construction company reported $1.70 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.95 by ($0.25). The firm had revenue of $1.84 billion during the quarter, compared to analyst estimates of $1.85 billion. UFP Industries had a return on equity of 10.95% and a net margin of 5.31%.UFP Industries’s revenue for the quarter was down 3.5% on a year-over-year basis. During the same period in the previous year, the company earned $2.05 EPS. As a group, sell-side analysts anticipate that UFP Industries, Inc. will post 7.08 earnings per share for the current fiscal year.

UFP Industries Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, September 15th. Shareholders of record on Monday, September 1st were issued a dividend of $0.35 per share. The ex-dividend date was Friday, August 29th. This represents a $1.40 annualized dividend and a yield of 1.5%. UFP Industries’s dividend payout ratio (DPR) is presently 24.31%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on UFPI shares. Loop Capital started coverage on UFP Industries in a research note on Wednesday, July 23rd. They issued a “hold” rating and a $112.00 price target on the stock. Zacks Research lowered UFP Industries from a “hold” rating to a “strong sell” rating in a research note on Tuesday, August 19th. Two analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $134.00.

About UFP Industries

UFP Industries, Inc, through its subsidiaries, designs, manufactures, and markets wood and non-wood composites, and other materials in North America, Europe, Asia, and Australia. It operates through Retail, Packaging, and Construction segments. The Retail segment offers treated lumber products, including decking, fencing, lattice, and other products; pressure-treated and fire-retardant products used primarily for outdoor decking environments; and lawn and garden products, consisting of wood and vinyl fencing options, garden beds and planters, pergolas, picnic tables, and other landscaping products.